Baycoast Bank
Swansea, MA — State Savings Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Baycoast Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 39,241 | 22,507 |
Income from Lease Financing Receivables | — | 0 |
— | 12 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 5 |
Income on Loans and Leases (TE) | 39,241 | 22,524 |
Investment Interest Income (TE) | 3,839 | 2,367 |
Total Interest Income (TE) | 43,455 | 25,271 |
Total Interest Expense | 6,346 | 3,912 |
Net Interest Income (TE) | 37,109 | 21,140 |
Non-Interest Income | 19,190 | 4,299 |
Adjusted Operating Income (TE) | 56,299 | 27,158 |
Non-interest Expense | 49,067 | 19,697 |
Provision for Loan & Lease Losses | 750 | 554 |
Pretax Operating Income (TE) | 6,482 | 6,325 |
Pretax Net Operating Income (TE) | 7,933 | 6,941 |
Applicable Income Taxes | 2,197 | 1,880 |
Net Operating Income | 5,310 | 4,661 |
Net Income | 5,253 | 4,648 |
Cash Dividends Declared | — | 46 |
Retained Earnings | 5,253 | 4,164 |